Director of Access to Capital – Affordable Housing

Company: U.S. Bank
Location: Chicago
Posted on: April 3, 2026

Job Description:

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One. Job Description The Business Impact Group (“BIG”) was formed to assist Impact Finance Group address the U.S. Bank’s commitment to close the wealth gap through its signature Access Commitment Initiative. The intended goal is to increase the volume of lending and tax credit equity investing with emerging entities by raising the profile of the U.S. Bank in low-income and underserved communities, establishing partnerships, products and programs to support emerging developers. BIG collaborates with Impact Finance product areas to identify market gaps that need to be addressed to increase the capacity of emerging entities which will lead to new business development opportunities in the medium and long term. Reporting to the Head of Access to Capital, the Access to Capital Director (“ACD”) will be responsible for enabling the execution of Impact Finance’s strategic priorities related to increasing access to capital (debt and tax credit equity). The ACD will be knowledgeable of players in the affordable housing ecosystem, emerging industry developments and challenges to consistently meet the needs of clients. The ACD will draw on their extensive knowledge of affordable housing financial tools and structures to introduce new capital courses, propose new lending products, capacity-building programs and initiatives in collaboration with senior management, the Affordable Housing, Syndications and Enabling Functions Teams. We are looking for candidates with a commitment to the work we do and can demonstrate their creativity, diligence, enthusiasm, growth-mindset, thoughtfulness, and passion to make meaningful change in the areas of economic justice. ESSENTIAL FUNCTIONS: Line of Business Engagement (40%): Complements business development efforts of the Affordable Housing Emerging Markets Manager and business development team to identify market gaps and new developments and devise strategy to address these needs to lead to increase the number of emerging developers that receive funding and technical assistance that lead to increased capacity to complete affordable housing developments. Affordable Housing Access to Capital(A2C) meetings: Plan and lead regular A2C meetings with internal stakeholders to achieve our agreed upon joint priorities and performance measures; Program Development (40%) : Research, design, implement and manage programs to address identified market gaps based on the collaboration with Affordable Housing Emerging Markets Manager. Identify industry partnerships that provide access to capital and technical assistance for emerging developers. Collaborate with Syndications Team to identify social impact investors to meet Impact Finance’s goal to originate deals that can be syndicated. Identify conference and other market activation sponsorship opportunities that provide for brand recognition, market intelligence and access to emerging developers. Researching and identifying (10%) needs of product area, gaps in the marketplace that will lead to pipeline opportunities for Affordable Housing product area as well as improved capacity of developers of color and their readiness for bank lending and equity products. Reporting and Measurement (10%): Provide affordable housing A2C metrics needed to reflect performance towards Impact Finance financial goals as well as enterprise initiatives such as Access Commitment, Community Benefits Plan and CRA. Will coordinate with Impact Measurement and Management team and Finance teams to generate reports submitted to senior management and to enterprise enabling functions. Role will involve attending and reporting out results at working group or other touchpoints on a regular basis. Will collaborate with Emerging Markets Manager and Impact Measurement team to establish key performance indicators (KPIs) to measure the impact of these programs. Performance Measures: Programs and partners engaged to address identified market gaps and business needs based on of emerging clients engaged at industry activations of emerging clients receiving needed capacity-building assistance; of emerging developers in pipeline of emerging developers becoming bank customers for bank products such as depository and lending products PREFERRED SKILLS/QUALIFICATIONS: Bachelor’s degree 7 years of experience specifically in underwriting affordable housing loans and equity investments or affordable housing development experience Strong knowledge of complex affordable housing financing structures, including LIHTC program rules, and familiarity with Federal and local financing sources such as HOME, CDBG, TIF Special Knowledge & Skills: Commitment to community development and equity as identified in prior work and experience Strong communication skills demonstrating attention to detail and professional writing style Strong organizational skills including ability to follow through independently Capacity to prioritize multiple tasks to meet deadlines Ability to travel up to 40% If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants . Benefits: Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following: Healthcare (medical, dental, vision) Basic term and optional term life insurance Short-term and long-term disability Pregnancy disability and parental leave 401(k) and employer-funded retirement plan Paid vacation (from two to five weeks depending on salary grade and tenure) Up to 11 paid holiday opportunities Adoption assistance Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law Review our full benefits available by employment status here . U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law. E-Verify U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program . The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $139,230.00 - $163,800.00 U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures. Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies. Posting may be closed earlier due to high volume of applicants.

Keywords: U.S. Bank, Downers Grove , Director of Access to Capital – Affordable Housing, Accounting, Auditing , Chicago, Illinois